Thanks to strong sales of Invisalign, Align Technology reported revenues of $135.1 million for the first quarter of fiscal 2012 (end-March 31), a 29% increase over revenues of $104.9 million in the first quarter of 2011.
Net profits were up substantially from last year as well, from $15.8 million in the first quarter of 2011 to $21 million in the first quarter of 2012.
Invisalign clear aligner revenue of $123.3 million increased 17.6% year-over-year.
Strong Invisalign volume, particularly from North American orthodontists, drove better-than-expected revenue and margins, according to Thomas Prescott, Align president and CEO.
For the second quarter of fiscal 2012, Align Technology expects net revenues of between $140.2 million and $143.7 million.
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